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EXHIBIT 11
HEAFNER TIRE GROUP, INC.
COMPUTATION OF EARNINGS PER SHARE
(UNAUDITED)
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THREE MONTHS ENDED NINE MONTHS ENDED
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SEPTEMBER 30, 2000 SEPTEMBER 30, 1999 SEPTEMBER 30, 2000 SEPTEMBER 30, 1999
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<S> <C> <C> <C> <C>
Average shares outstanding
during the period........... 5,286,917 5,286,917 5,286,917 5,177,962
Incremental shares under stock
options and warrants
computed under the treasury
stock method using the
average market price of
issuer's stock during the
period...................... -- -- -- --
---------- ----------- ----------- -----------
Total shares for diluted
EPS.................... 5,286,917 5,286,917 5,286,917 5,177,962
========== =========== =========== ===========
Income applicable to common
shareholders:
Net loss.................... (644,000) (2,033,000) (6,510,000) (3,024,000)
Loss per basic common
share:...................... $ (0.12) $ (0.38) $ (1.23) $ (0.58)
========== =========== =========== ===========
Loss per diluted share:....... $ (0.12) $ (0.38) $ (1.23) $ (0.58)
========== =========== =========== ===========
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